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Savings Individual Retirement Accounts (IRAs)

Save for retirement with one of The Village Bank’s Individual Retirement Accounts. Anyone under the age of 70 1/2 with earned income may make a contribution to a traditional IRA. A person with earned income who is not covered by an employer-sponsored retirement plan may deduct IRA contributions regardless of his or her income. Withdrawals prior to the age of 59 ½ can be made without an IRS penalty for certain reasons such as a first-time home purchase or higher education expenses. Please consult your tax advisor for more information.